Trade Empowered
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Honesty
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Quality
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Cost
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Support
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Verified Trades
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User Experience
Summary
Trade Empowered is a day trading educational company owned and operated by Jason Stapleton. The business is offering a smorgasbord of trading products; including three live trading rooms, magical trading indicators, software, and various courses.
Jason Stapleton is a long-time day trading educational guru. Unfortunately, he is also the subject of much controversy and several shuttered trading businesses where many persons have complained and allege fraud.
Jason Stapleton also claims to be some sort of ex-military commando that protected world leaders and advised them on economics, geo politics, and all manner of huff-puffery. This also appears to be ‘resume inflation’ run wild.
Neither Jason Stapleton nor any of his supposed trading educators have a verifiable track record of ever making a nickel at trading. Instead, this appears to be an education mill where the new and the naive are ramrodded through an obstacle course of magical trading products and services.
Jason Stapleton appears to be a world class ‘bullshit artist’ and top level salesman. Quite honestly, he is very good at what he does. And this trading nonsense is a waste of his ample talents.
Thanks for reading today’s review of Trade Empowered
What is Trade Empowered? The company is a Forex and Futures day trading educational company that is owned and operated by Jason Stapleton. The company appears to be based out of Lenexa, Kansas.
Trade Empowered is currently offering the following products and services:
- Live Futures Trading Room at $297 per month. Hosted by Mark Sedlak.
- Live Forex Trading Room at $297 per month. Hosted by Akil Stokes.
- Live Forex Trading Room (London Session) $297 per month. Hosted by Jason Graystone.
- The Syndicate trading signal service. $582 per year.
- Forex Basics Course: $247
- Advanced Pattern Trader: $849
- Ultimate Trader Transformation: $3,997
- Dynamic Support and Resistance Indicator: $297
- Constellation Pro Indicators: $2,497
- Price Pattern Trading Indicators: $3,497
- Balance Beam Trading Indicators: $1,497
About Jason Stapleton
Jason Stapleton is a long time, day trading educator. He appears to have magically appeared as a day trading guru in about 2008. He claims to be a “full-time professional day trader”, however, the truth about Jason Stapleton appears to be much more complex, questionable and riddled with hyperbole.
A review of Jason Stapleton’s personal website, which can be found at JasonStapleton.com, he claims that he is a former military commando and a member of an elite special operations unit. He describes himself as some sort of ‘Captain America’ that roamed Iraq and Afghanistan, kicking in doors and single handily rooting out terror cells. He portrays himself as some sort of Rennaissance man/elite warrior/forex trader.
His stated goal is to “help the common man understand the murky realms of war, foreign policy, politics, economics, and how to get rich trading Forex”.
Jason also claims to be a “dark warrior, hired by private security firms to protect the world’s most powerful diplomats.” And supposedly, these elite diplomats and world leaders were highly impressed with his knowledge in the craft of warfare, philosophy, forex trading, innate understanding of science, calisthenics, mixed martial arts, regulatory policy, horticulture, aeronautics engineering, beer making, and international business.
All of this sounds so wonderful and astoundingly impressive. But for the purposes of this review, we are going to only focus on the Forex trading products.
Jason Stapleton: the early days, 4X Traders Live
After high school, Jason joined the marines. This is probably true. The ‘dark warrior’ and ‘international Captain America persona’ appears to be an extreme case of resume padding.
It appears that Jason got out of the marines and probably worked as a security guard at one of the many different private contractors that the State department hires for all sorts of security tasks. For instance, my brother is a former marine that eventually went to work for Blackwater. He was hired to follow trucks around Iraq and make sure nobody stole anything or chopped off the head of the truck driver.
Total shit work. But it pays well. Definitely not a long term career. Many ex-military guys take this route. But eventually, these guys need to reintegrate themselves back into normal society. And this can be difficult because all they know is military life. So they have to reinvent themselves. Figure out what they are good at, and run with it.
Jason Stapleton describes his initial journey into Forex trading, while he was overseas. I can just imagine Jason working as a security guard in some miserable country, thinking to himself–“what in the hell am I going to do with my life!” We have all been through this. A career crossroad.
Anyway, after the military, it appears that Jason created a Forex trading website that offered a live trading room and Forex education through a business named 4XTradersLive.com. You can view old copies of the website through this link. This business launched in 2009, during the heyday of live trading rooms.
Eventually, complaints started to stack up and the reputation of the business was sullied beyond repair. If you Google search ‘4XTradersLive’ you will quickly see the ugly complaints, the allegations of fraud, the desperate attempt by Jason to save the business. But in the end, the website was pulled down and forgotten.
Jason Stapleton: Triple Threat Trading
In the trading education business, there is a sucker born every minute. Once a trading educator figures out the game, they are nearly impossible to uproot.
After the 4XTradersLive fiasco, Jason Stapleton created yet another trading educational business named Triple Threat Trading (2010). As you can see from Archive.Org, its pretty much the same old trading education and live trading room pitch.
Sure enough, the complaints and allegations of fraud started to stack up. Just like the last business. A quick Google search of ‘Triple Threat Trading’ will reveal all the sordid details and negative online chatter.
Eventually, after a series of complaints, even Ninja Trader Ecosystem had heard enough. They were pulled from the Ninja Trader Ecosystem and shortly thereafter, the website was pulled down.
Jason Stapleton: Trade Empowered
After Triple Threat Trading, yet another day trading educational business…Trade Empowered. As per Archive.Org, this latest Jason Stapleton venture was launched in 2013.
As you can see, they have ramped things up. And have a literal buffet of trading rooms and trading products. And of course, if you Google search ‘Trade Empowered’, you will see the complaints and allegations of fraud.
Since 2014, TradingSchools.Org has received dozens of requests to review Jason Stapleton. Truth be told, we didn’t even want to write about this guy. His reputation is so terrible that a review should not make much of a difference.
However, the sheer volume of requests triggered a review. So, we went into the review with a fresh perspective. Maybe Jason Stapleton had changed for the better?
Contacting Trade Empowered
During the months of March 2017 – July 2017, TradingSchools.Org sent out direct emails to Jason Stapleton, Akil Stokes, Mark Sedlak, and Jason Graystone. We were open and honest in that TradingSchools.Org would be writing an official review of the company. We called several times and made over a dozen attempts to speak with any of these individuals. None would respond to a request for an interview.
At the core of our request, we wanted to see verifiable proof that any of these characters were live trading. We wanted to see verifiable proof that any of these dudes were actually full-time professional traders. We just wanted to see a track record. All refused.
TradingSchools.Org also sent out or infamous ‘Lamb email’ where we hide our identity and portray ourselves as a desperate student, with money, and looking to learn how to day trade.
With the quickness of a fly to a fresh turd; Trade Empowered quickly responded to our inquiries to purchase their trading products.
At that moment, our indictment of Trade Empowered was complete. They were exhibiting the tell-tale signs of fraud.
Wrapping Things Up
Jason Stapleton is a master salesman. You really need to look past the fraud of the Forex scheme and take a closer look at this individual. In addition to running this ridiculous Forex educational scheme, he also runs a daily podcast.
The guy can really talk. And he sounds so fucking good that it is hard to see how this guy has become stuck in the mud of selling BS magical trading products.
Truth be told, I love Jason’s daily show. You can listen through the following link. He talks about the daily news, politics, economics, the whole enchilada. It is highly entertaining stuff. And he does it daily. Which probably takes a huge amount of effort and extreme dedication to pull off. Over 600 episodes.
Jason Stapleton is a future star. Maybe as a politician, motivational speaker, or a satellite radio talk show. He has this way of simplifying things and then adding his own sauce and spices which create an interesting narrative that is highly consumable. It’s pretty sad watching him pitch the trading products, it is way beneath his talent.
Regardless, I can see this guy blossoming into something special. Just not as a trader. That’s just a bunch of bullshit.
Thanks for reading. Would love to read your comments below.
Great review. Very interesting. Thanks for taking the time to break down the history of Trade Empowered. I’ve always found them fishy even when I first began trading and didn’t know the BS from the real deal. Their dodgy work is actually mixed with some genuine trading wisdom. I guess that means their motivations are just to make money more than create successful traders, which is not shocking. But that’s good for new traders to know.
https://harmonictraitors.wordpress.com/2016/03/23/jason-simpleton-and-the-siphon-pattern/
Jason is just a salesman/entertainer/huckster/charlatan/goofball/wannabe and now we can add…copycat?
Well, with me guys i find, that the only person who changed my trading is Jason Stapleton. I had paid for courses but nothing changed. Then one day i stumbled on his website…..the free content, The no use of indicators that he teaches, simple price structure, really opened up my horizon in trading that had been clouded for three years. I never took the paid courses, only relied on his free content. Now i am a better person. Thank you Jason Stapleton
Hello,
I have some things to say, and also want to make a suggestion.
First of all: great work in here, Mr. Emmett! The world of trading needs badly this info you provide in here. I know it
s a lot of work, so thank you!
On the other hand, I think you should also add another cryteria in your evaluations. Since at least tradeempowered is an educational site, not a signal service, sites should be also reviewed from the educational point of view.
Now I dont know if tradeempowered are scammers or not, if they fake their actual results (never been in their trading rooms), but the educational information provided for free is very, very good in my oppinion. Maybe the best out there regarding harmonics and structure trading (again, I`m talking about the free content).
Thanks!
Excellent opinion. I know my reviews are pretty tough. But its time someone just started calling out the massive amount of BS floating around the internet.
The Trade Empowered guys are excellent entertainers. No question there. Valuable trading information? Lots of room for differing opinions.
Of course the oppionins are different, that`s why I said YOU should add this section to your reviews. I think people would love to know YOUR oppionion about the educational part of all the sites you are writing about.
This would be a valuable information because many people are looking to learn how to fish instead of buying the fish.
Can you name one Education company that does not have complains? Trading would be best without the hipe advertising because people come in with high hopes and they quickly realize that it’s not just pressing a few buttons or drawing a few trend lines. So tell me please how can you find an education company that has no complaints? If I look hard I will find dirt on anybody you name it BUT that does not mean that it’s their fault. Actually, the students who have the wrong mindset and after they realize that it’s not all fairy tale they start to bash the educators. I personally believe that if you would like to do this professionally you need to have mentors. You just need to find who is legit and vibes with you.
I do not defend TE this is in general that I am speaking of.
If you are not a shill then why post this rebuttal on this thread? Plenty of general threads to post a “general” comment instead. Boy, if Rob, churn and the old irrelevant gang were around you would have really heard it from them.
WELL i wont rubbish JASON STAPLETONS site.im a 4 yr swing trader, always learning.he does put out a lot of free content. educational well exsplained.now in my opinion you must be willing too pay for an education. that cost is up too the newbie feels comfortable with.when i was a newbie i lost monies because of my ego, ignorance.AND no education.so i would pay $4000 or$5000 too learn what i know now.ALSO a person can learn from a number of mentors over time, until he or she finds there true trading self.YES there are good marketers out there.And if they werent entertaing a bit your self interest would be too loose interest in trading.im not a member of his group, but by gees i study his free stuff and pluck what i can use in my own trading.AND who gives a shit about his past jobs, he may make a good presidental canditate over there.A true trader must do his own due dilligence alongside any guru,mentor recommends before trading check your charts 1st.Thankyou JASON and team for freebie stuff.no harm done there.
brother i think your website all review fake because you target only google addsence to make money
Hi Emmett!
This was the trading mentor I requested for review a few months ago and you have actually did it! I am honored to have my request come through and save a few more hundreds bucks from high class bullshitters! Hats off to you sir! Stay healthy and safe always!
Qaizer
Sure Qaizer. Sorry Trade Empowered turned out to be a bad deal.
The person who taught Jason is Todd Brown.I am surprised you did not come across him in your research. He is a master and the psychology stuff he teaches is very good.They were selling courses for $5ooo. It used to be called Triplethreatfx.com.
“He is a master:
Would that be a master of teaching folks how to scam people out of their money?
Hey emmet Just an idea but how about starting a Youtube channel and doing video reviews on there?
Jason Stapleton that brings back memories. He offered a free what he called a Technical Trader Workshop for a week. I call in try to get in new suckers week. I have no idea what he is doing now, but back then he was doing Harmonic Trading talking about the butterfly pattern or whatever. Unlike you I found his attitude to be insulting and belittling. Even in my Kool-aid state I thought this guy was full of shit. So even back then I had some standards on who suckered me.
I have a couple different broker Mike Icmarkets is my main then tradersway,If you don’t like those stick to the highly rated ones on this list https://www.100forexbrokers.com/reviews-ratings.Trading forex is almost similar to swing trading stocks, Analysis the economy to determine a bias and trade based on the basis divulged from how well or badly the economy is doing.
James, thanks for your input. So FX not conducive to day trading ..correct? I am not a fan of day trading, but there are days when you have nice swings in futures. FX on the other hand is better suited to swing trading from what I can gather. I have always been interested in FX on a smaller level. Once I lost my deposit with the FX broker going under years ago, never got back involved. I forgot the name of the broker that took my deposit.
“Once I lost my deposit with the FX broker”
Another reason I use IB to trade Forex. I have no faith in these Forex Brokers.
Also I think a lot of folks day trade as they do not have the margin to hold overnight.
Rob they day trade because it’s easy to take huge lot sizes and gamble for 3-10 pips .Then they show a withdrawal from that lucky trade and wheel in the suckers with thoughts that all they need to do is scalp eurusd for 3 pips a day and drive a BMW to the bank daily.I don’t know about anyone else but my goal is to manage a hedge fund one day, I cap my risk and stick to strict risk management, I don’t over leverage which is the tendency of a lot of these forex fufus selling bullshit even the brokers want you to over leverage “1:5000” lmao.We need to be trading like banks and hedge-funds and if we day trade we need to look at markets where there is a lot of volatility and we can control risk and make 5-10% with some losses here and there .Only on here because I paid Steve Mauro 25k 3 years ago for some of the most garbage forex training in the world.I hope I can help more avoid those types of trading schemes just like emmet.
Wow James that was nice hit, but I’m glad you didn’t give up. Also you realized the futility in micro scalping which Rob advises against for anyone that listens. We are all here because we are tired of these charlatans bilking the unsuspecting and if we can help some from making the same mistake then even better. Also, I would love to see sweeping changes where most of the vendors are put in jail. I’m open for chat, but must be careful putting personal information out there because the guys we talk about peruse this site and are always looking to talk bs.
Why do some comments get moderated I posted one two hours ago 🙁
James, I don’t think any posts are censored unless it contains extremely inappropriate text. sometimes a post gets lost in the shuffle. Post it again and I’m sure it will get through.
I’ll put my email up datkidfromspace@gmail.com ,I will keep an eye out for an email Mike if you are interested and we can add people to some sort of chat as we go along.The purpose is simple just to share information no bullshit.I trade stocks, forex I’m just getting into options and maybe futures if I can find the right avenue to learn.If you guys are traders or are learning to trade it would be great to hear different views and realities in each market without the crap gurus usually sell.If Mike is interested we will get some emails, you don’t have to use your business or personal emails as Mike said people might try to sell you something.That is not the purpose it will just be a place to learn the basics and bounce ideas off some of the guys on here.Tried to post it before
Also, this guy has been destroying forex gurus.
https://www.facebook.com/chakra.capital/posts/324451201335723?pnref=story
Really good to see someone destroying the nonsense that is currently happening in this particular niche.
Seems links to facebook are banned
Yes, Mike anyone you hear saying they day trade forex for big bucks is lying.Think of how banks/ hedge-funds trade they create a bias and trade not only based on the trend but based on the economy.My trades in fx take sometimes weeks, months or years to come to fruition .As for losing money with brokers, I have always stuck with the highly reviewed ones so never got money stolen.Why don’t we form some sort of chat the texting system on here is annoying.I know there are a lot of guys who have great information to share and we could bounce ideas off each other .
James, I am all for setting up some type of chat. As you said this is not the venue for that. Full disclosure, I have never executed an FX trade in my life. I am limited with that product. My background is in futures and equities. Unfortunately, I trade in a vacuum by myself with some contact with industry pros I met over the years. At the very least I have been looking forward to discussing trading with like minded individuals. I have been in some rooms which I will never do again and most forums are compromised. Until I found this site, I basically stayed away from everything else. I just don’t know how to get the correct address without posting for everyone to see.
Indeed Emmett needs to add a PM feature other wise you will have some of the nuts at this site emailing you including me.
ha…Rob a nut that speaks in facts. Maybe passionate about con men getting their day in federal prison. I am passionate about that too. Seriously Emmett, how possible to add a PM feature? would enhance the site significantly.
I’ll put my email up datkidfromspace@gmail.com ,I will keep an eye out for an email Mike if you are interested and we can add people to some sort of chat as we go along .The purpose is simple just to share information no bullshit .I trade stocks, forex I’m just getting into options and maybe futures if I can find the right avenue to learn.If you guys are traders or are learning to trade it would be great to hear different views and realities in each market without the crap gurus usually sell .If Mike is interested we will get some emails, you don’t have to use your business or personal emails as Mike said people might try to sell you something.That is not the purpose it will just be a place to learn the basics and bounce ideas off some of the guys on here.
James
i will send you an email, but you don’t have to worry about people trying to sell you something. I’m talking about the trolls with an ax to grind because we had negative comments about trading rooms they run. The shills can be relentless because the truth is spoken and they have vested interest in the continuation of their sham sites. I will send you an email shortly. A pm feature would be perfect here.
Are you having a laugh? in 100forexbrokers list of ECN brokers loads of them are bucket shop market makers. Enough said.
There are a lot of good brokers on there though , Icmarkets is used by alot of top guys Daithi and tradersway’s as well.Tell me which broker is not a bucket shop most are designed to steal money from the uninitiated
Which brokers do you guys recommend and any boOKs to get started in forex ?
I just notice this comment regarding Icmarkets got so many up votes. It is unusual for anything at this site to get so many up votes.
I’m in no way affiliated with IC markets, in fact, US traders like Oanda and IB more but I’ve never got a chance to test those.The only reason I posted that list is that a lot of brokers are decent on there e.g FXGLORY, EXNESS, FX Choice, Octafx maybe even tallinex.The way I do it is if I have 5k to trade I will spread around 1k in 5 good brokers reason being not all brokers offer the same pairs ,I can manage my progress better and build a more diversified portfolio as some brokers offer Indices CFDS or precious metals and others don’t which is nice because I can take a stab at different exchanges around the world.It also gives me a chance to see the discrepancies between broker data and trading view data which is a huge plus.Just to clear up the Ic markets comment.
Just odd that Daithi comments calling most of those Forex Brokers bucket shops, which is true got thumbs down and mentioning Icmarkets gets lots of thumbs up. Maybe there are a lot of Aussies supporting an Aussie Company.
Does icmarkets allow U.S. clients? Since the CFTC restrictions on leverage to U.S traders on forex back in 2010 , many foreign fx brokers stopped accepting U.S. clients. I hadn’t actually heard of icmarkets before. Taking a look at the site, unfortunately it’s the type of broker and site I would avoid. Heavily MT4 affiliated, and also recommending zulutrade an infamous autotrading site where they show off the “top 10” for the month and thousands of people sign up with them only to have their accounts depleted. I had mentioned an old member of the beachforum who reported losing 50k to zulutrade in an old post. I can’t really say about the other foreign brokers but the 100forexbrokers site looks typical to the lists of bucket shops lists I had seen years ago. Maybe there are a few legit foreign brokers/banks out there, but I would want to trade more than a 1k account and not with brokers I’m not sure about. I hear you RobB, back in my forex & mt4 trial(duped rather) days I had attended a paid fx forum that was uk based, and there were folks all around the world including the african and asian countries far outnumbering the U.S. retailers, with many aussies on the forum and in the forums chatrooms . The mt4 fx fad seemed more of a international thing rather than spearheaded by the U.S. retail trading.
Mt4 is a pretty amazing platform especially once you learn to build and code indicators but US CTFC regulation prevents US clients from trading with brokers outside the US.Oanda or IB is your best bet and also traders way.The thing about forex is the same guys calling most brokers bucket shops have never made a dime and they blame losses on brokers especially when they don’t have any idea of what they were doing .
I too would like to get out of these retail brokers and avoid second-hand liquidity.The forex industry is only going to get worse it’s scary what I see on a daily basis, the next generation of traders are going to fail miserably because of the idea that this is a get rich quick type of scenario.It is far from that it is very difficult learning from scratch, backtesting and then putting those strategies into a real time environment .To trade stocks or forex, options the right way requires a real amount of money and a thorough understanding of how the economy works .
U.s traders have to be strict of broker selection but there are some good ones that are out of the CFTC’s reach.To be honest what I like about most forex brokers is that the minimum deposit is low so you can deposit 50$ test the environment, make sure you could withdraw check the discrepancies between broker charts and trading view or another trusted data source.Make sure they aren’t manipulating the platform or spread is too wide even though they advertised otherwise.
I think the min deposit with IB is around 2000,oanda is much less and oanda is reliable seen a lot of decent traders using it.Those are the only brokers I know that accept us and are legit .Us Clients Really have it tough but there are good options still.
Trading is very difficult I don’t care what anyone says it takes a high amount of patience, discipline and balls to have your money on the line I could only imagine what some of these guys who are trying to scalp for 3-10 pips daily are going through.That’s a very difficult way of trading and I question can they even last 1-2 years trading like that.
I’ll admit scalping is possible in the stock market because there are a lot of catalysts(earnings, drug results etc) which gives the stock liquidity and makes it tradeable for a few days.But prior to if one wants to take a long term perspective they can derive a bias from extensive sec fillings reading.But forex just doesn’t have that type of movement daily and even when you get a move from rates or other news it’s not wise to try and capitalize on those because they are short lived.
James,
There were so many things in your post I disagree with.
“Mt4 is a pretty amazing platform especially once you learn to build and code indicators”
I have used Mt4 and unless it has dramatically improved it was a bit of a Mickey Mouse platform used to trade Forex. It is not comparable to Ninja, Multicharts, or Sierra.
“The thing about forex is the same guys calling most brokers bucket shops have never made a dime and they blame losses on brokers especially when they don’t have any idea of what they were doing “
This comment is very disturbing as it is along the lines of what Con Artist Day TR tell their victims. The fact is there is a long history of the term bucket shop and Forex Bucket Shops. I could sends lots of links to back this up, but here is one from babypips.
https://www.babypips.com/learn/forex/beware-of-bucket-shops
Also there is a reason that there are so few Forex brokers in the US, as are regulations are much more strict. Maybe Australia does a good job of regulating its Forex Brokers, but in a million years I would not put my money into most Forex Brokers I have seen.
“I like about most forex brokers is that the minimum deposit is low so you can deposit 50$ test the environment”
Really! These foreign brokers encourage suckers to use 500 to 1 leverage so they can blow their account.
“Us Clients Really have it tough”
This comment goes against other comments you made about being properly funded and swing trading. You think someone that does not have $2000 should really be trading Forex?
Trading Forex using 500 to 1 leverage with a min. account like Yes Many Bucket Shops sucker people to do is the quickest way to blow your account.
When I said deposit 50$ I meant using the lowest lot size which is about.01 and I would just take a few trades just to see if the broker is legit or not .Again I’m not selling anything so if it sounded like a sales pitch I apologize .But you can look at forex peace army and a lot of other sites to see some of the reviews about the broker and then move from there.
The whole premise of my later statements was that do you really think someone new should drop 100k into an account and try to trade ?They wouldn’t have the confidence, in the earlier stages unless you are really confident in your strategy smaller amounts will be fine and you can use extremely low amounts of money to trade.Yes, there are bucket shops but I notice no one has mentioned besides IB what they consider to be a good broker.
Not here to bash anyone or just as I said to learn and bounce ideas off of each other. Also Rob the platforms you’re using to chart may work for you but doesn’t mean it will work for others.I like ninja but had no use for it, great charting doesn’t mean great trader.e.g Warrior day-trading uses esignal which is a great charting platform but can he trade legitimately and provide results?Ask any real forex trader and I guarantee mt4 is their favorite platform, we are pissed right now that brokers are making a huge push to their mt5 which is at the moment not as fluid as mt4.
The real part of trading is developing a basis as I said based on whether the market is bear or bull via macro and economic indicators i.e GDP per quarter, nonfarm data unemployment, etc whatever makes that economy work I study and determine which direction I should be trading in.
I respect the knowledge of all on here but I would consider the few brokers I personally use not to be bucket shops because they don’t manipulate trades, they have decent spread, the execution has been fine and they allow withdrawals to back to the places I need.
Again not selling anything just giving my opinion based on my experience I was never scammed by brokers but forex gurus took me for a run.My advice for new guys is a focus in your early months or years on fundamentals then develop a decent technical system.I use supply and demand, and Ema’s and Fibonacci. by back testing, for a period of time, you should come to understand what to look for with your system.
As for my last statement on brokers if you want to go the safest route as a Us trader save as much money as you can and go to Ib .I like this forum it’s been great seeing the different experiences here and sharing experiences. It is our right to disagree or agree with others and that’s the best part of this platform.
“When I said deposit 50$ I meant using the lowest lot size which is about.01 and I would just take a few trades just to see if the broker is legit or not ”
I guess that is better than nothing, but I am not sure that will really tell you if a Forex Broker is really financially stable.
All I can say is I use IB to trade Forex, as I have no faith in these loosely regulated Forex Brokers. IMHO, the reason that there are so few of them in US is they kept getting fined by our regulators.
As far as MT4 platform goes it seems it is basically the only platform that Forex Brokers offer so by default most Forex Traders use it. From what I have hear, so yes this is hearsay so do your own research, I think MT basically gives these brokers a turnkey operation with both backend and frontend from MT4.
IMHO the Forex market and its brokers, including white labeled brokers is one of the most if not the most dangerous to your finances, market to have your money in. I am not using IB for fun when it come to Forex. I would just advice everyone to really study up on Forex and really do your research before handing over any of your money to a loosely regulated Forex Broker or Kiss it Goodbye. I have just too many horror stories about Forex Brokers. Heck they make MF Global look like a Saint. Maybe James has found some good ones, but a fool and his money are soon departed so be cautious when it comes to Forex.
Good advice Rob ,nothing more to be said but to stay safe and good luck.
Actually rob the most dangerous place to have money is in binary options but that’s a whole other story.
Well said RobB, I agree with all your points because I have pretty much the same thoughts. As usual you laid those points out far better in debate than I could ever say. Referring to your last two posts about forex bucket brokers and MT4, indeed MT is so tied to these swarmy brokers especially in the EA advertising. icmarkets shows immediate invitation to set up autotrading with some scammy EA service such as myfxbook or zulutrade. For sure, MT4 is particularly clunky, the basic charting resolution , stretching, panning is very subpar with limited time frame selection where the only way to add different type bars is 3rd party products or extra coding. Sure, the MT scripting, C based, can be adaptable , and I’ve modded, made and fiddled with my own MT4 indicators in the past, but ultimately it lends to literally an mt cesslake of thousands of past vendor snakeoil defunct indicators and EA products. The entry order system is so clunky compared to most other modern platforms and there is no easy way to point and click on orders.And the windows are like looking at low rez green CRT monitors on default. We are only literally covering a small piece of the iceberg leading to the whole mt4 related cessworld of snakeoil vendors. Besides RobB’s link to babypips, there is so much out there on past forums and review sites about this mt4 and EA fad industry. My past experience I got duped and blew a tiny account on zulutrade, and did mostly sim testing on various mt4 brokers with many offering free sim accounts often for a period, where I would prefer to enter trades on thinkorswim. Then finally giving it up and moving on to currency and index futures with ninja and a futures broker. Exactly, that wording about retailers blaming brokers are the same as those “who never made a dime” is imo, overgeneralization and sounds uncomfortably similar to con-artist scam vendor talk. While of course there were often the same similar complaints heard about every bucket broker, I’d doubt they were all just losing traders. mt4 also had a broker version where unscrupulous brokers could do said shenanigans watching a client’s account. I recall MT5 was released years ago, but so many were still so kool-aided with the MT4 EA setup so it seemed the fad industry wasn’t ready to give up the MT4 turnkey churn train just yet. Exactly, RobB, there used to be more of these fx brokers in the U.S. but most of them have been booted out of the U.S. for their shenanigans. Overall to repeat, I’d be more comfortable trusting IB or TDA basically a broker with a reputation that has forex under it’s umbrella of trading product offerings. Yes I find it hard to believe a retail trader would attempt to be swing trading forex like a global macro hedge fund with tiny $50 to less than $1k accounts on a MT4 platform unless they were just fooling around supposedly perpetually testing out brokers where you could just do the same testing out on plenty of sim feeds on mt4. Just like Ninja or probably even worse, very easy to fool and sham a backtest or the platform claiming it’s “live” with no enforced way to tell. I hope I finally got the reminiscent remnants of the mt4 sham taste of my mouth with this post and having thought I’d put it behind me for years.
Thanks, rob and dtchurn for your insightful experiences they both added to this post .Also, does anyone remember when etrade also offered forex ?I wonder why they stopped https://about.etrade.com/releasedetail.cfm?ReleaseID=650067. Was thinking of recommending them as well but turns out they didn’t last very long in that area.
It’s an interesting question. Admittedly, I have very little experience with etrade. It looks they’ve been around since the dawn of internet commerce. At the time I’d considered starting trading, there were plenty of other competing brokers by then, and I’d heard etrade was generally thought subpar and unsophisticated in comparison at the time not to mention one of the higher fee and commission charging brokers. I went with TOS instead because I was interested in options after having heard about it mntioned on the web and heard one of the scam radio commercials during the commute after work.
As for etrade using FXCM, I’m guessing it was a major oversight on the poor management of etrade. A glance at the old news about etrade shows they partnered with FXCM around the time when many other formerly prominent bucket brokers had been exposed or were booted out of the U.S. And it seemed FXCM was one of the only ones “left standing” with perceived reputation after a process of elimination. So now back in February of this year, it seems to be only until then that more grievous shenanigans of FXCM were exposed and perhaps they were just better at hiding their stink similar to how some sham vendors are able to do so to continue their shilling support infrastructure. So I would think etrade had to drop their FXCM forex product support and now they are left in a quandary about what to do about forex or perhaps not offer it at all. Not to mention it seems there have been news about major etrade management shakeup and in my general perception they never seemed as popular as TDA or IB or even tradestation for serious retail traders.
http://www.forex-ratings.com/forex-reviews/etradefx/
I forgot to even mention myfxbooks. It is the main way these Forex TR operators are able to scam folks by showing their fake amazing results.
This point is so critical anyone thinking about joining a TR based on its myfxbooks results needs to read the following article by Emmett and comments regarding how these con artist set up a white label Forex brokerage for only a few thousands dollars, then plug it directly into MyFxBook.com.
https://www.tradingschools.org/reviews/profit-forex-signals/
There is another link I should have included about White Label Forex Brokerage that speaks volumes about this industry.
https://www.tradingschools.org/reviews/mentor-tips/
Reza is a scam he has been exposed many times already.
IMHO, there is no such thing as a forex broker who is not a bucket shop, or bordering on one. Take my experience with one of the so-called reputable US-licensed brokers, forex.com, also known as Gain Capital, I believe.
In the bad old days, I took one of their trials. Being in those early days with my heads in the clouds, I had leveraged that trial account to the max, and refused to take any losses, because at the time, in typical dreamer fashion, I would rather be right than be stopped out. Long story short, I blew out the trial account, as I now know is only to be expected with that kind of leverage in the hands of an ignoramus dreamer.
After the trial was over, someone from forex.com called me and wanted me to open an account. I told him, that the trial had proven to me that I was too stupid to be able to trade, and I asked him why would I put my money into what I had proven that I could not trade, even when the money was not real, and I had no emotions attached to the outcomes. I suppose that we can all see that I was by now in the beginning stages of coming off the Kool-Aid? I am sure those who are no longer on the Kool-Aid know what he said next, but I will give you one guess. Anyhow, he says, “If you open a real money account with 5k, we will show you how to trade”!!!!
Just unfortunately for him, he never got my money. He was unfortunate to catch me when I had already come off the Kool-Aid. Still, the point is that he knew that I could not trade, but he still was trying to convince me to give his brokerage the money that he thought he could get out of a newbie. That is the definition of a bucket shop.
That is a big red flag brokers should not but solicit customers never happened to me but these forex gurus are doing the recruiting work for them.
James I sent you an email ,I would like to learn from you
Damn, James is a genius. IMHO got his first sucker. Jenny when I see 1 red flag it might be a fluke and means nothing, but when I see a series of red flags it becomes the straw that breaks the camel back. My advice to you is be wise and do not give any money to James. James IMHO writes posts like someone with an ulterior motives. Be Cautious or Be the Goat. And remember the Devil rarely wears horns and carries a pitch fork and remember this industry is full of con artist. Red Flags:
1) New poster with no history on this site who states he wants to start a Hedge Fund,
2) Very elegant writer and unusually polite (by itself means nothing but combined with everything else means something)
3) Creates a Full User Name – Again by itself means nothing, but it is unusual and now IMHO designed to build trust to sucker folks in,
4) Talks about how great Forex is, when Forex market with its insane leverage and large spreads has burn more folks than just about any other market,
5) He gives a link to a site I never heard of that list a bunch of Forex Bucket Shops,
6) Daithi comments that the link is to a bunch of Bucket Shops is mysterious down voted, yet James post regarding a Forex Broker gets some of the most up votes on this site. This can only occur if the person is motivated enough, my guess vendor associated, to up vote his own post,
7) Then James states, “The thing about forex is the same guys calling most brokers bucket shops have never made a dime and they blame losses on brokers especially when they don’t have any idea of what they were doing” —- These are the type of words con artist use to get in new suckers. BEWARE!!!!!
8) Then he writes about using common sense to trade Forex, which is fine, but then proceeds to talk about opening up $50 account with badly regulated brokers that allow 500 to 1 leverage, very suspicious in my opinion, especially after recommending a bunch of bucket shop brokers. And the whole logic for opening a $50 account made no sense. In fact I cannot see any unaffiliated poster posting some of the comments he has made,
9) Says MT4 is a great platform and how all the Forex Brokers use it. Give me a break anyone that has used it knows it is a Mickey Mouse platform and it is used as it provides a turnkey operation for these badly regulated Forex Broker, which has been explained in other post.
I am sure in this quick reply I am leaving out some red flags that I will remember later.
Jenny, I highly suggestion you do some serious researching before investing a dime in Forex. There is a reason there is virtually no Forex Broker in the US. Read the links I sent including how these con artist set up a white label Forex Broker and scam you out of your money.
Also remember he has never been reviewed by Emmett or shown any proof what so ever he can trade profitable. Everything is self-claimed.
Maybe I am wrong, but if I am right and I usually am regarding these things (yes arrogant some will say) you have nothing to lose by being cautious with your dealing with him. He reminds me of certain folks over at BMT that use to get people to PM them and sucker them into paying for training.
And at the risk of sounding like a conspiracy nut, I find it odd that someone that sent James an email would then need to post it here. This too could be a James plot to get folks to email him. Again if I am wrong you have nothing to lose, but I have seen this scam so many times over at BMT and other sites. Be Careful!!!!!
Just to clear things up a bit Rob , I had no idea the real ramifications of posting on here , I have received a large volume of emails some asking about the group which I thought and was really hoping would be created and some bashing without even discerning whether or not I know what I’m talking about or not .I have been visiting the forum earnestly for many months but no post had caught my attention to my comments or post.
In light of the amount of attention being given towards creating a group, I would like to ask Mike and Rob to give it consideration considering the amount of experience they have in various facets of the markets and different market environments.It will definitely be something where information can be shared in a more efficient and educational manner.
As I have intently stated in my previous posts I’m no trading educator and would not like to make money from my peers in this industry unless it was in a professional manner i.e The hedge I would like to open someday.The information I which I will give out is based on my experiences and I again apologize if there is no confluence between what I’m saying and what you have experienced in via your trading experiences.
I would like to cut down a number of emails I’m currently receiving and will possibly receive again unless it pertains to the trading which will include members of this forum and the sole purpose would be to share information and discuss the markets.As traders stagnation will be the bane of our existence, I believe it is wise to diversify trading knowledge and was hoping to learn from some of the guys on here.
I will try and post as much information to starting learning forex as possible on here this is my 9th year just absorbing the markets and trying to learn more.It is very difficult and is not for everyone, emotions are so easily influenced, confidence is shattered, anger is once emotion I felt in my early days because I was literally studying charts night and night with no progress and lost money.
Ok so let’s begin This is the entire baby pips school render as a pdf : https://zimfxc.files.wordpress.com/2016/10/babypips.pdf
I might get some slack for suggesting baby pips but the school is a really good start to most people’s journey https://www.babypips.com/learn/forex.
If you’re new and have determined it should be finished within a week or so and then finished again the next week until this information is imprinted into the very fabric of your being.
Next, as most may have noticed I rambled quite a bit about the economy so the most impactful book that started my understandings of its relation to everything was http://sys.vos.cz/pdf_view/AJ/Baumohl_The_secrets_of_Economic_Indicators.pdf This is the updated version I first read it many years ago .What you really are trying to grasp or attain is the ability to predict based on the information that is posted every month or quarter by a country how well the country is doing and how well will it do.There are a few other books I have and would like to recommend but I’m barely half way through my post.If we ever create a group I will share them for free.
After you have attained a thorough understanding of the economy this usually takes months for some or years because those books won’t be enough your job is to look back at data and actually study what type of information is coming out of a country.What makes up the GDP?How do they make money ?What are the current interest rates?Does the country plan to raise interests?How is their stock market doing, Is it in a bull or bear market? These are just a few of the many questions I ask myself.
Ok so now you understand how the engine works but what about the other parts of the car ,we can’t drive anywhere without the rest of the car so let’s speak about Techianl analysis which some would say is not important but if my fundamental strategy is superb wouldn’t it make sense to also have a way of predicting how the market moves.The problem with signals and rooms is that predicting where the market goes takes years, you need to know your strategy like you know your self.This will give you better ideas and the more calculating and precise you are the better.
Sharing one’s strategy is difficult because what might work for me might not work for others but when I was conceptualizing I wanted to be able to make sure what I was using was easily found on Mt4 so that if I had found something that works for me I would share it .So after I’m aware of what’s happening with the economy ,I begin to look at my charts typically my standard charts look like the image which I’m uploading.On the chart, there is the 12 ema the 21 ema,30 ema,40 ema,60 ema, the 80 ema along with a 2.5 deviation Bollinger band and the Ichimoku cloud with just the Senkou Span A and B. Notice the time frame I stick to the higher time frames because those are where bigger moves will happen over longer periods of time.I sometimes take smaller time frame entries at key areas as it helps reduce the drawdowns associated with this timeframe.
The first thing I look for is to see where price is in relation to the cloud, I will look at another pair if price is inside the cloud or I don’t like the setup above or below the cloud.I look to see whether or not the 12 and 21 ema’s have crossed over where the other emas are and look for supply demand areas either above or below.One of the few guys who knows his stuff about supply and demand is https://www.set-and-forget.com/. Don’t buy anything watch the free videos and download the free e-books they are sufficient enough.Mastering supply and demand is difficult the only way to speed up the learning process is to find a good supply and demand mt4 indicator backtest, watch how price reacts to those areas, start drawing your own areas and keep practicing.
Fibonacci is also something I use as a guide but only on higher time frames it takes time to learn how to use them but I don’t have any references besides one a friend did a while ago https://www.youtube.com/watch?v=pzWWwv4o0t4&app=desktop and this excerpt which was highly informative and useful
https://youtu.be/pTbbAIyDP9g.I was thought to use them personally by a mentor and they are part of my everyday trading life.
I’m not sure what more I can add given that the writing area on this website feels like a chart I usually like to throw tons of examples in and really if I were an educator who was being paid to educate people, I would divulge trading records at will but I’m not an educator nor I’m selling anything.I have a massive amount for Rob and dtchurn who have been like pit bulls not just on this particular post but on all other.I only hope to learn from others and continue to make a living from trading.The only way to true freedom being solely a trader is to become adaptable to what has liquidity and what is able to be sufficiently traded with your strategy.Adaptation comes from the mind being constantly fluid and understanding that no one knows everything.
Even though I said the emails have become a problem as I had hoped only mike would send one and we would work together from there a lot of other guys are asking about chat rooms.I don’t want to seem as a scam I was really interested in opening it with one of the pioneers of the forum and taking a backseat to them and doing what I needed to help the community.I also don’t mind sending some good books via email for those who need them at no cost of course.
Please excuse any grammatical errors in this post I was typing it out from my phone and will be happy to clear up any misunderstandings.
Also this guys channel has been a really great watch bruce long forex https://www.youtube.com/channel/UC0mDa7rbdM6smBQGbN9DBzA
James you might very well be legit, but this industry is full of corruption. And Forex Brokers and TR operators are some of the biggest scam artist out there and when someone states how Trading Forex is the best thing since Apple Pie (yes some hyperbole there) I get suspicious. But then when they put out an email address to contact them I get even more suspicious. And on top of that you get Jenny posting:
“ I would like to learn from you”
Learn from you based on what? No evidence has been presented that James can trade profitable. I mean have people learned nothing from this site. Seriously some brand new poster comes along and talks about Forex trading and folks are emailing him to learn from him. And then people wonder why they are so easily scammed. My guess is most of the folks emailing should in no way be trading Forex.
As far as a group goes, I personally see no value. You cannot trade as a group. I talk individual to investors about general ideas. If there was a PM feature on this blog the folks I would be PMing would not be a new poster, but someone with a history of posting that showed he understood this industry and investing; folks like DTChurn, Stray Dog, Cyn and so forth.
Anyway this is my opinion. Take it for the price paid.
Thanks Rob I thought I would be on that list too. LOL
Man, is there any way to delete posts on here the post with my email is blowing up I didn’t know that many people would be interested .It was supposed to be Mike alone, I’m indeed perplexed to the most precarious position I placed myself in .Will have to tell these guys no group.It would be weird starting one ran be because I wanted to learn from others and not to be full on teaching more so just of bouncing ideas off each other not to full on trade for each.
James I warned you. I’m sorry but that is a problem. That’s why I said I wouldn’t know how to connect with you on this forum. If you are not attached to that email you may have to change it.
Thanks for putting me on the pm list RobB, haha. Yes, MikeM could absolutely belong on that list too. I’d prefer to be an intraday trader where this economy is so weird based on the petrodollar overinflated from monetary policy for too long and more related subjects . I’d say trading forex on a swing term or extended timeframe based on some understanding of how the economy affects currency markets sounds interesting, but I’ve yet to see proof and as RobB has mentioned , the best hedge funds in the world are averaging “realistic” percent gains with all their macro fundamental analsysis. I mostly post here to voice my opinions on the reviews and have some revenge on the years of being scammed and duped by both the shamshow vendors, shilled review and scam sites, and the compromised forums and unchecked shilling that wasted so much of my time in trying to learn to trade and having some satisfaction in warning other readers hopefully helping them to decide to avoid these scum or gradually wake up shilled induced kool-aid. I also greatly enjoy reading the other comments by others, of course the vanguard RobB in stopping these shills cold in review after review , and several other commenters in the past in the combined tar’ an feathering’ railroading outta town exposing, witchhunt.
I noticed the site you mentioned JamesM . “www.set-and-forget.com” purportedly teaching a way to trade fx based on some economic analysis, well it kind of looks like marking supply/demand levels on the chart with some method. The site owner’s name is “Alphonso Moreno” and it looks like he has a very long thread on the forexfactory forum as “panoramia”.
http://www.forexfactory.com/showthread.php?t=428204
I don’t know, I’m kind of the tied of the whole fx thing and had left it years ago. Only because of the discussion did I bring it up because the fx ecocesslake is arguably far bigger than the ninja ecocesspool of sham to the detriment of many duped retailers of trading in the past. I guess I won’t voice my immediate paranoic thoughts about how this site looks and feels like another colorful typical shamshow site and just suggest that perhaps Mr. Moreno and the site could be put on the to-review list by Emmett with the usual emphasis on proof.
I would try and teach supply and demand from scratch on here but I thought it was easier to post someone who has lots of free posts about it.I’m in no way affiliated with moreno and I in no way endorse paying 1500+ for free information that is readily available with some work on google search.Dtchurn there are so many things I would like to see emett review right now he is just scratching the surface there is a huge crater of shit brewing in the forex industry ,I see it Daily if you have facebook search for a guy called Robert Halterman forex.I dont think I can post Facebook links on here :
https://www.facebook.com/chakra.capital/posts/318236821957161?comment_tracking=%7B%22tn%22%3A%22O%22%7D
dtchurn you are a stand up guy with excellent stories. I enjoy reading your experiences about the shams out there, keep them coming. I look forward to posts from you and Rob B, especially when he is in attack mode. LOL. the sad part is it is always the truth, all facts. It just shows you the cesspool we are in. On the other hand, sometimes a new poster is not aware that he may look like a shill. That’s my opinion, maybe I’m too gullible. We usually find out the truth eventually. It seems to me a younger poster gets overzealous about trading and still doesn’t know the facts. That’s what we are here for, to explain what we learned. Anyway, keep the stories coming about the becahforum. LOL classic.
dtchurn, for me as well. Intraday trading is where my risk tolerance is at. When I first left the bank I worked for, a group of us, supposedly smart guys, started a small fund. Well let me tell you what is needed to run a decent size fund. My positions weren’t hedged properly during some event and political risks and it got hairy. It can be done, but you better be ready to position size and hedge correctly. Also make sure your positions are not 100 % correlated. To say the least I didn’t sleep well…lol. You must eat, sleep, and drink your portfolio.
I left the bank to work less, lol, like I said it wasn’t the brightest move. Now, I like to find good intraday trends which don’t happen everyday. IMO, if you stick to a small group of products that produce money on a regular basis then there is no need for longer term positions, maybe a small swing trade occasionally, but that’s it for me.
Mike,
My advice to someone that wants to quit their day job and trade full time would be 180 degrees opposite of the what the TR tell you and what people want to hear. I would say, “You better be well capitalized just like you were starting a business. You better have enough saved to live 5 years off of. And on top of that have enough to trade expecting a realistic return and be able to make enough to live off plus taxes plus keep up with inflation.” And that is quite a bit of money.
That is why my TR would have few or no followers.
Rob I can not disagree with anything you said. I quit a very attractive job that many others coveted. Call it hubris, ego, greed, and just poor decision making. I left with a bunch of guys that thought we were smarter than the brilliant fund managers that had all the capital in the world. Believe it or not, the profit was there because I still; had access to bank research, and contacts in the business running funds. The hardest part was convincing a group of guys to risk very small at first until we got our legs underneath us. Of course not, young hot shots wanted to return astronomical numbers right off the bat. The disagreements among partners is what brought it down.
If anyone wants to quit there job just read what Rob posted. You better be proven in all types of markets. You better have years of money to pay your bills because 99% will take time to learn if one ever succeeds. As one said before, it can become a nightmare very quickly. BTW, I left because the advent automation was apparent. Wall Street as we knew it was on it’s death bed. So I took a preemptive strike, but ego got the best of me because I didn’t focus on managing risk above all else. Hopefully, someone reads these stories and plans their trading careers properly.
That sounds like an amazing experience starting your own small fund MikeM. I was never in the finance field, although I took extra classes later in accounting. My own “fund” experience was from the shams of Preston James and that macro hedge fund guy. Where I tried out sim mostly in tos paper and tried to hedge with options like those clowns would do in their shamshows. After they kept glossing over their losers, I gave up in disgust and went back to the intraday churn. I felt those basic financial and managerial accounting classes helped a lot more than those clowns and Cramer’s books. I was better able to pick a stock looking at the balance sheet and comparing debt ratios. Someday I would like to get back to attempting swing trading, but only if I had a real big account to play with. I also wanted to try out intraday stock scalping so that’s where I got caught up with Ross and WT and , well, we know how that turned out. I don’t really dream of starting a fund or a trading room. I mainly try to trade for myself and it’s more a means for a possible extra income as my main life goals continue to be unrelated completely to the world of trading. Of course I don’t see how those TR and vendor scammers live with themselves. I think they must have some kind of psychotic or criminal denial that they are causing so much financial harm to their churned duped clients. Where you hear stories about many maxing out credit card debt or busting 10k accounts not including the 2k to 3k continually “seasonally discounted” “pro” educational hotdog packages, trying to trade like Ross and his simsham trifecta red herring team members. It’s just sickening to think about, and I’d never want to do a trade room or sell anything related, if I could just trade for myself. Like everyone else , when I started I thought it was going to be a sure thing after three months like all the other dreamers. Boy , was I duped, more like more than a few years and longer.
As for another beachforum story, I think this is kind of related. There’s a thread called “Trading options on futures” where a supposedly retired millionaire farmer trades way out short calls or puts on certain commodity futures as well as a few spreads where he claims to make up to a couple hundred grand a year or more. Of course there’s no real proof, and supposedly the guy trades with giant accouts, but the thread has a long history and following. Maybe you’ve seen it RobB, if so, and if you have time to reply, what did you think? I don’t know, I had done sim for a time trying out ideas on short options and spreads and they can just kill an account in a sudden event or big move. There’s a couple of other beachforum stories that stand out in my memory. One is a young guy who attempted his own fund just scalping on small tick charts on futures. Another is a lady who had a long journal which was the center of attention on the forum for a while, then she left to “start a business”, and hilariously it turned out it was a ,…you guessed it, another indicator and retail trading educational sham. Maybe RobB remembers that one too. I could go more into it. I had posted about both sometime earlier I think in the comments several reviews back.
I know my trading endeavors are somewhat counter to RobB’s advice, and there are a few others in the past who also mentioned they prefer intraday trading. There’s been a few postings with detailed advice on stock picking. One guy claiming in a single post to be very successful. It’s all back there in the comments like 30 or more reviews back or so last year or the year before somewhere in between the thousands of comments. I noticed they don’t post much anymore even though they also used to be regulars. Maybe some got tired of my fracas with the gollum, but hey, the troll kept coming back often using multiple alters. That’s another thing about this blog. We’re all unregistered guests. Anyone could pretend to be anyone else, especially those acting as shills and not have to stick to a single id. But I guess Emmett wants to keep the blog structure the same for now which I’m all ok with (barring the trolling; Emmett has advised me before to just chuckle and ignore troll posts) actually being a blog structure with the reviews on the forefront and the commentary by guests.
Dtchurn,
First I have to argue with you. Calling that chump Gollum is an insult to Gollum. Gollum had a purpose, Dtchum has no purpose. He is like toxic waste and only exits to be a willfully stupid ahole.
I do have a story about put sellers though. I knew this trader and he even got an article published in some trading magazine about his strategy. I forget which one it was now. Anyway he sold far out of the money puts and just got a few cents but sold a lot with near term expiration. And he did it on an sector like the retail sector. So 99.9% he made money as historical the sector did not fall by that much in that short a period of time.
Everything seemed so great then wam bam hit the Great Recession and the sector dropped like a rock in a very short period. You can guess how that movie ended.
Yeah, I know gollum can’t control himself before sliming and gesticulating wildly in glee when he thinks his guttysnipes mean anything. When he’s not borrowing and donning the stinky unwashed “drchump” alter id, left over by the vendor shill when the shill uses it occasionally, that is.
Dtchurn When posting long blocks of writing please Indent your paragraphs or skip lines it makes it more palatable to the eyes.May I also inquire what market do you trade it seems like you have been bouncing around for quite some time?
I’ll consider it. No one else has mentioned about my posting’s structure except past shills and trolls since I’ve been on this blog. Naw, I’m still ambivalent whether you’re still a shill JamesM. It doesn’t serve any point about my “bouncing around”. I’ve been on a similar journey like many others who comment or read here where I’ve mentioned already in general what I like to trade. Again only shills and alters have demanded myself or RobB or the others show “proof” when they are the ones selling the hotdog packages.
I was just enquiring as to what you like to trade but I do apologize for my comment prior to the question but it becomes very difficult to differentiate which paragraph I was reading after those long paragraphs which we have all posted most adamantly on this post.It was not in any way a means of provocation but a misplaced line of what I thought to be advice.
I never demanded proof, Rob politely informed me that I should prove I was a real trader which I eminently reciprocated to him in a similar gesture but not as a demand nor as a suggestion.I have nothing but the utter most respect for the guys on this forum and I humbly apologize for my most misplaced question and comment.
Ok, then, no problem. And I’ll consider doing some cleanup with my longer ,more rambling posts. yes, “drchum” (and “drchumpNO”) was indeed a mockery of my id, which started a few months ago during the tradingfratboy review. More than half of the time I sense its taken over by gollum as another alter. We also had a slew of James II and an alter “James” ridiculously posting and asking about starting a trading room and asking for advice on churning setup just a few reviews back, in case you may have missed it if indeed you’re not another altered shill So RobB and I have been on little bit more of an alert status recently.
Fore the record, I did not state, “Rob politely informed me that I should prove I was a real trader” I pointed out to others that had emailed you and were going to email several facts including the fact you were a new poster and completely unverified so be cautious.
Mike M,
So many post since my last post I will just respond here to the main issues. First you are definitely on the list, I did say and so forth.
James,
As I said you might be legit. I just told people to be cautious and the reasons why I stated to be cautious, but the part that saddens me the most is how many people emailed you and how easy it would be for someone not legit then to try and scam these people. Stop and Think about want I am saying. You post here a few post, show no proof you can trade profitable and lots of people are emailing you to teach them to trade. If you are legit I think you will understand my point.
And I would guess most of these folks IMHO should not even be trading Forex. They are looking for the Holly Grail Trading Signal, when the ability to trade profitable has nothing to due with Trading Signal (yes you need a reason to enter a trade, but it is not the main issue). The first question they need to ask is are they even properly funded to be trading and do they have realistic return and draw down expectations?? And I have a feeling most do not. That would be my first question to any would be trader and that is why I would get Zero response if I put out my email. In fact I have posted my Holly Grails of trading throughout this site and none of my HGs have to do with trade signal. They start with those first 2 question I stated above.
And James I should add I actually put out my brokerage statements once to a shill I was arguing with and just like you putting out your email it was a mistake for me to put out my statement. It turned into an insane argument with an idiotic shill. I have also offered on numerous occasions to show my brokerage statements to Emmett if he first gave a special label to verified profitable traders (so when I argue with shills I can say I was verified) and gave me a page to actually talk about real world trading .vs the fantasy world the TRs teach. My trading will not show fantasy returns and frankly I have been more busy recently with my real estate investing as once again we are in boom times than stock trading. And the first thing my thread would say right up front is the difference in the fantasy world and the real world of trading. As I have repeatedly stated, most folks would rather lose money trading the fantasy world then have a chance of making money trading the real world, because the real world is brutal with no 80% win rate, with actual draw downs and actual realistic ROIs. No one looking at day trading want to hear about that.
Rob I know it may seem like I agree with everything you say, but you just seem to have the energy and ability to state the important points. It’s true, trading is not easy. It takes years of dedication to become profitable. No one from the internet will teach you how to trade correctly. I am tired and don’t need to say more. Just read Rob’s posts.
Ok, I have to post and be a bit of a devil advocate. Yes I know, I am negative and so forth:
Robert said: ” I actually put out my brokerage statements once to a shill I was arguing with and just like you putting out your email it was a mistake for me to put out my statement.”
You keep saying this with no proof, why don’t you provide link to prove your statement? As I said you might be legit. I just told people to be cautious and the reasons why I stated to be cautious about your claims.
DTchump,
You ignorance literally has no limits. As I said it was a mistake and you want me to give a link. I would guess if you search hard enough you can find it. At this point the only person I would show my brokerage statement to is Emmett if he agrees to do as I have asked.
And if I posted by brokerage statement, I can already read you ignorant respond, “that is all you made what a loser” and with no clue the account size or anything else that statement would be as ignorant as all your other statements. You can not argue with an idiott.
I really have to work on not responding to your silly post. As usual you are just be willfully stupid.
dtchum, I noticed you put out contradictory claims lately, but they seem constructive. You don’t get personal anymore. As far as Rob, he put out a link with his statements a while ago which is more than anyone else I read on here. Don’t you think it is productive to respond with their opinions backed up with facts which Rob seems to do. I didn’t agree with Rob at first, but boy I have to tell you these reviews seem to support everything he talks about in his posts. Moreover, everyday their seems to be someone else looking to steal from regular people. Doesn’t that bother you? Rob never endorses a premium site. He talks about trading concepts and free ways to gather information. You are entitled to your opinion. I don’t think Rob is the enemy. It may seem as if he has a lot to say, but most are stated in facts. Just my 2 cents worth.
dtchum not really trying to comment on this post anymore but why does your name have to be similar to dtchurn .Is this an alter ego kind of thing or are you mocking him?
Actually, you should ask why he has a similar name to mine, not the other way around…
Enough! Enough with you Rob B, I say. You showed a statement that you made about 20% in one whole year, when Warrior Trading is telling us that we can make 5000% in the same time.
We like 5000 more than 20. Just shut up. You do not know how to trade, or you would be making the same 5000% that Warrior Trading makes all the time. :-p
Once again, yes, if you are reading this and are clueless, and think that I am excoriating Rob, go and read a lexicon. This is called sarcasm.
I didn’t tell anyone to post on here, I’m not selling anything .I have nothing to prove.If I had people paying me to learn I would provide proof but all I stated in all statements prior to this was what worked for me .By your logic we should also stop listening to you unless you substantiate your claims with receipts, broker records, and tax returns, You have been here as long as anyone but Can you send me a link to the one time you have proven you can trade and the same can be said about me or dtchurn or anyone on here.What would be useful here is if we could get a few more forex traders involved and find out their thoughts.
The only reason as I said I came on here was to share my experiences and build connections with guys who claim to have experience and know how the industry works. Maybe you have been oblivious to the intricacies to off my post but what I mentioned before charts or even getting on the broker platform is understand how the economy works.
If someone can realistically fathom the way the economy works then guess what they can trade stocks, bonds , options etc.Trading is scientific, even though I stated what works for me it’s within each individual’s intrinsic interest that they find what methodology works for them.I stated what works for me and minus the technical side of things, I think it would be worth learning especially since it’s free baby pips and a book about how the economy works.
Again I have not said anything about selling anything or teaching anyone but I placed my email out there to get in contact with the legends of this forum and just hear their thoughts in a more satiable fashion.
“when someone states how Trading Forex is the best thing since Apple Pie (yes some hyperbole there) I get suspicious.”
They are a total misinterpretation of words on Rob’s part and I do not remember stating forex is the greatest thing ever as I trade both stocks and forex where the smaller of my accounts are in the foreign exchange market.Please If you have already emailed me don’t post it on here unless you have something negative to say or would like to complain about anything I’ve done keep the positive comments to your self .
I have nothing to prove and have put out some of what I put out is the foundation and will take many months to even years to grasp the full rationale of your own strategy.
Also for anyone looking to buy a new foreign exchange , stock , candlesticks any course Please know that you can find most on this site for free :http://forexwinners.ru/forex/category/indicators/
Rob, please know it was a great privilege to pander relentlessly back and forth with one of the forum greats.Please continue the great work you do on here as someday I may be trying to purchase a program to expand my knowledge and see your most fervent chants here or over the internet.The pleasure was and will always be mine, Sir.
James, don’t take it personal. This is a unique site where everything is questioned because this industry is 99% fake.
Rob, dtchurn and regular posters will not believe any performance claims unless they are verified. If you are not selling anything, which I hope you are not, then no need to post performance. Moreover, it seems to me that the majority of fx brokers are shams so you will get called out if you endorse one. Personally, I have no experience with any of the usual suspects. As I stated earlier, my foray into fx ended with my deposit being lost to these clowns. As far as trading rooms, I’m sorry but they are all fake except 2 that were verified on this site. By the very nature of the site, it goes against correct trading. They will put on a show to keep the churn when in fact there may be days when there are no good trades. This site is about trading thoughts and bringing down the pond scum that are out to bilk the public.
James could you reply to my emails I sent two already ,I began reading the books you mentioned ,Please reply.
Hmm, Jenny, I do apologize but the purpose of the room was to help yes but you need to have a little idea of what’s happening in the market or how to trade so it wouldn’t be too much work on our parts .I read your email and others but it was easier to skip the ones that were asking for too much help as I already posted a good start.
So, Please take a few months and go through the free links I’ve sent and then you can open a forex demo account with any broker you like and after 3-6months send me a screenshot of the results and we can work from there.
I feel like it is more sensible to answer here as it attends to a wide demographic, saves me some excessive and repetitive typing.Also feel free to message me if you have any programming skills as it may be useful to direct you to some good areas to learn how to code for trading.
Please don’t think this is an indication of disrespect I have the most respect for my peers and would like them to also consider my time .Feel free to ask any questions on here as I usually come on to absorb some information from the more experienced guys.Thank you for response and I appreciate your interest.If anything changes I will inform everyone via email.
Alright James thanks for the response
No, don’t pay for anything. If he wants to start a chat to run ideas by people then that;s fine. I have been in a few and there were never any products being sold, just traders learning from one another. I hope James is just excited about trading, but Rob is the detective it seems to me. I am very gullible sometimes.
Yeah, Rob is great at his job on here Emmett should give him a moderation Job if he hasn’t already.
Good point about Ninja seemingly only booting out members of their ecocesspool who can’t hide their stink well enough because it then becomes damaging to their own image, similar to how the compromised beachforum chooses which vendors to ban and which to allow shilling to go on. More on “4XTraders” here as part of the ecocesslake of the fx scammy retail industry.
As usual weed out the “5 star” shilled comments easily differentiated from the true complaints.
http://www.forexpeacearmy.com/forex-reviews/6579/4xtraderslive.com
dtchurn, you have experience with fx? I have been interested in dabbling in fx trading, but I have been hesitant because of all the negative press. I believe it could be a way to take advantage of the inflection point in interest rates the US is facing. Not sure which broker to trust.
My broker of choice these days for pretty much everything is IB. I use Sierra as my trading platform and execute trades through IB.
Thanks Rob. Do you trade everything via sierra? Futures, stocks, fx?
In the process of transition to Sierra. Still use Mulitcharts also. I also have TradeStation that I use on occasions. I pretty much done with Ninja.
Rob, are you able to trade all products, futures, fx, equities through Sierra and clear through IB?
I tried Ninja for futures and found it to be extremely buggy. Also with their nonsense now I wouldn’t use them anymore. I got use to X-Trader when I worked on the NYMEX. When the market gets volatile their dom is very stable almost zero latency. Unfortunately, their charts are not very good. I would like one platform for all products with good charting capabilities. Think or Swim was recommended to me. Although, I heard mixed reviews.
I hate Think or Swim. I tried it and I never use it plus the commission are high. I don’t trade futures anymore and I very seldom trade Forex. I trade stocks. But yes I have traded Forex via IB, but yet to try Sierra platform executing Forex via IB.
I tried using IB data feed as an input to Multi Charts, but IB data feed sucks and I get errors. So I was and still do use Trade Station as a data feed into MC and execute on IB, as their commission are better for me. Kind of crazy but that is what I do. But now I am in process of switching to Sierra, so I use Sierra’s data feed (where ever they get it from) for most of the historic data and only IB for current and I think 15 minutes or so of historic data. Seems to be working so far.
You can try Sierra for free and give it a test run. In my opinion no comparison between Sierra and TOS.
MikeM, I was mistaken about Oanda, and probably confused it with some other broker. They are based in Canada and have gotten bigger with no reported bad rap. However, it still gives me a queasy feeling and mt4 in general. There are also probably a few legit brokers outside the U.S. such as dukascopy (actually a swiss bank) but most of them don’t accept u.s. clients now. Here’s a more recent “review” site. http://www.forexfraud.com/forex-broker-reviews.html
But generally I would stick to IB or TDA for forex in the U.S. just because it feels more secure. (the ponzi PFGBest also was a broker for futures and forex. A scammy ‘guru’ on an fx forum even recommended pfgbest to me when I asked as a newb! glad I dodged that bullet.. )
Why do I keep making the typo? dt(g)churn?
Ok now, browser hangups. Another side note. TDA/Thinkorswim despite having the best options platform layout and tools, ironically doesn’t offer or support options on futures/options on futures. While IB does. But generally a niche trading that retail doesn’t usually get involved in although there is that thread on the beachforum..
DTchurn,
I was wondering if that was you or someone else was once again copying your Good Name.
Your post once again reminded me of another reason I trade via IB. I wanted to buy some foreign stock on various foreign exchanges and at that time IB was the only one I found that could do it with reasonable commissions. It allowed one stop shopping for pretty much everything. Also TWS has some cool features and market orders.
I will add one more positive for IB. I seldom short stocks, but when I do I have problems with Trade Station not being able to borrow the stocks, but that rarely happens with IB.
Even though I am still in the early phases so far I like using Sierra with IB. It is the best combo I have used and I have tried many other options.
The one negative is their customer support. It is not the quickest in the world to be able to get a hold of. So if you need a lot of hand holding you might not like it. That is also true for Sierra. As far as I can tell you can not call Sierra, but they do respond to emails.
Have you ever tried Medved Rob ?
Never heard of them before. So no opinion.
Thanks RobB, MikeM. yes,it was my ‘g’ stuck in the textbox and I’d forgotten to refresh my browser. More good points about IB’s features and services. I may try Sierra someday. Sorry to hear you got scammed in that way MikeM. To summarize my experience, I found almost nothing ultimately useful from the beachforum except a few contacts, and some of FatTails’ contributed indicators which are also now for free on his lizardtrading site. It can be fun, but it’s heavily kool-aided dreaming and hindsight-circling very steeped in the ninjaecocess. I’d recommend elitetader more to newbs. It’s still heavily shilled and some shams still infest there like wrbtraider, but imo there’s far more truth about trading there where you can still find nuggest and gems of postings amongst all the shilled and shammed shrubbery.
yes, dtchurn I am weary about doing business with a broker outside of the US, just not necessary. I agree IB makes sense because of some credibility. I got scammed years back when one of these big fx guys went under because of the CEO running away with the deposits or trading customer money. For the life of me I can’t remember the name. I eventually got back a fraction after the regulators gutted the company. that was a nice kick i the gut. Since then I just stayed away from that market entirely. As usual retail gets scammed by brokers and vendors.
Options on futures is not a retail niche as you stated. However, I believe there re certain scenarios where it could benefit the trade scenario a trader is trying to create. I need to brush up on that.
You know I hear you talk about the beach forum lol. My experience with that site is limited, but I had immediate reservations when I signed up and immediately got an email about paying for premium content. Those reservations were exacerbated by the rule of a dictator which seems to run that site. I love your talk about the experience you had on the beach forum. Classic stuff. Needless to say I’m glad I stayed away.
Just a side note, in the fx cesslake world, there used to be scores of those bucket fx brokers when the fad was in it’s most feverish. FXCM, Oanda, MBtrading were considered the more “reputable” ones in the last years, but now they are all gone. FXCM got caught again fooling with their clients’ trading and got booted out of the U.S. this spring. Oanda too a few years ago. MBTrading is now taken over by some other entity that only deals with stocks and futures. The fxcesslake was perhaps more europe and asia centered in its heyday but now the ninjacesspool and the stockscalping yahoos (such as Kunal, Bond, Fous, Sykes, InfinitePropseirty etc.) seems to have taken over the next generations of retailers’ dreams for good.
hmm, TDA/thinkorswim has its own internal charting and uses “thinkscript”, an interpreted recursive scripted simplified language. but kindof limited. At least they don’t pander out locked code to 3rd party vendors. But hard to be adaptable to indicators more advanced than the typical MAs and bollingerbands. They have their own version of market profile, “heatmap”, some level 2 orderflow, but it’s all internal and clunky. I guess the positive is that it’s all inclusive in one program. I hadn’t tried Sierra or multicharts but I guess if I was starting over, I’d rather go with IB and a charting platform that works with it. But if you don’t use indicators much and just want basic charting for an immense array of instruments, TDA/TOS is very handy. (if you can get past their higher than average commissions and fees)
I should add the reason I got a Ninja Account was to trade futures and because of their commission and data fee.
I no longer trade futures. Just my opinion, but unless IMHO you are GS trading futures is a sucker’s game. Using massive leverage will blow up most retailer’s accounts. If I want to trade a commodity I will do it via an ETF, whereby I use zero leverage. But of course TR would have a much harder time making wild claims of making a living off a $5,000 account in an unleveraged world.
I have been told from some very savvy traders the best way to trade crude is via equities because you don’t need the leverage.
I agree. I also like to be able to scale in and out of a trade and to do that unleverage in CL at 1000 barrels per contract you have to have deep pockets.
I hear what you mean MikeM. I think today I would only trust IB or TDA to trade forex. I went through the kool-aid of the fx cesslakeworld like all the other dupes before I discovered the beachforum mainly using MT4 and trying out a few of the scammy EA’s, or mod and fiddled with the free ones from forums. (“expert advisors”, the actual term from AI studies which they misleadingly and scammily put as a label for automated trading for MT4. it’s just auto strategies in C code in the mt4 framework, that’s all it is where of course).
Ninjatrader 7 can be hooked up with an IB account to trade all their products including futures and forex. Ninja linked with TDA only works with stocks. These days, I’d rather trade the currency futures instead of forex such as the euro (6E) which is analogous to the Eur/Usd or the yen (6J) , Jpy/Usd mainly because asian time zones of volatility although they can also be busy at times during or before the U.S. sessions. Yes, similar to RobB I originally got Ninja to trade futures also. In my case I was swept up by the kool-aide dreams of the beachforum and Ninja was and still is plastered all over the site. To be fair, it’s a decent visual charting software, but I think the genius coders have long since left since they barely do any substantial upgrades with the annoying new patch versions i.e. they leave addons that other platforms include to their ecocesspool 3rd party “partners”. So if someone wants an orderflow dom they are immediately shilled to Jigsaw and other indicator hawkers who have long since stopped trying to trade live themselves (imo, lol).
If you were just choosing one broker for fx, I’d suggest going with IB instead of TDA/thinkorswim becasue TDA still charges lousy high commissions futures and forex. Some say it can be negotiated, but I’d rather not have dealings with them and did most of my futures trading outside of TDA anyways. However you can also sign up with a small account and just use the thinkorswim platform in paper trading mode to try out their charting and options graphing. Even Ross of WT was caught using their sim platform for a while it seemed they trying to find other sim platforms besides their DAS generics to fake their sham with , lol.
I have a couple different broker Mike Icmarkets is my main then tradersway,If you don’t like those stick to the highly rated ones on this list https://www.100forexbrokers.com/reviews-ratings.Trading forex is almost similar to swing trading stocks, Analysis the economy to determine a bias and trade based on the basis divulged from how well or badly the economy is doing.Think i placed the reply in the wrong spot before.
Thanks Emmet for the review, one thing I heard about Trade Empowered Syndicate Room is that some of the trades are not taken in the live room but posted in the performance spreadsheet. In other words………doctoring the numbers? Do not know the real truth of this. They do offer decent educational materials it seems and give away lots of information and trader pep talks in their youtube vids. If someone is interested in trading the harmonics and fibonacci patterns then they might want to take a trial peek if available. Would be good to get inputs from anyone who has spent some time in their live trading rooms. Real and genuine performance is what matters the most.
I would be careful about confusing good with free. Misinformation is damaging.
You know, its pretty easy getting a good review. Just produce 90 days of results at break even, that will score a great review.
At then end of the day, I am trying to bend the curve of misinformation and fraudulent misrepresentation. Have to clear out the dead brush. Allow the cream to rise to the top.
I subscribed to their live trading room about 1 year ago for a free trial. Akil claims they have a verifiable track record. Sorry but no. I haven’t seen any statement or proof anywhere in the trading room just info on chat like “exited eurusd for a profit” with very short chat history to verify anything.
I think Akil claims he trades a $5,000 corporate account. I know he invests in real estate and Jason (company owner) invests in other businesses too like survival/military workshops. So if they are such good traders why don’t they put more money into their trading accounts instead of investing in other industries? I mean, they trade anyways, so that would cost them 0 more time.
And their patters are just bullshit. Absolute bullshit. You can do a backtest on several different pairs using different setups like cypher/bat, fibo levels etc and see for yourself. Zero edge there. Not even to cover transaction cost.
They don’t have any successful students who provide their real names and track records. That’s because their systems don’t work. They sell crap. Hell, even Timothy Sykes has several successful students and Akil and Stapleton don’t?
Damn, just pumping these out .. More all time highs , more scum bags in the mix.
“More all time highs”.. funny that’s how I feel. There seems to be no end to these charlatans. Just as there are more sheep to slaughter every month, there are countless con men looking to be the next Sykes.
I’m Sorry Emmett, but I can’t show any enthusiasm for individuals lining their pockets from financial misery. IMO social media is part of the disease that is online trading vendors, educators, and financial entertainers apparently. To go from a respected warrior that had honor to fleecing retired people is a huge fall from grace. How many of these sites can coexist today online? People must start to do serious jail time in order to stem the time of online trading fraud.
Indeed he is fleecing vulnerable seniors but we must not forget vulnerable young and middle-aged guys and gals as well, with the wages stagnant for most in current economic conditions, many are sacrificing their small savings for a chance to earn a living as a trader. This scum is gearing himself towards mostly guys looking for a cool big brother or young father-figure based on his stylish marketing image. Oh and maybe he is fleecing boys as well if he has spent much time adapting to local customs as a commando in Afghanistan, as pederasty rates there are quite high.
Yes retired folks are not the only ones being fleeced. I agree that a young college graduate may see the need to supplement their income by going into trading. Just read the comments on you tube for any of the usual suspects trading educators that put out videos, you can see young people just starting out in life attracted to the good life they portray. Retired individuals, career changers, and new entrants into the workforce are the most susceptible to the bs. From what I read as far as reviews, this guy doesn’t have good customer service skills to say the least and he loses money for his clients that try to mimic his trades. I can’t understand why for the life of me these type of scams aren’t targets for the authorities. The retail churn sustains more than just the vendors. Maybe, these clearing firms and trading platforms have something to do with the slow acting authorities.
Aside from the victim-blaming, i.e. your greed is to blame for your trading losses and the “a sucker born every minute” tropes repeated ad nauseum on here I imagine a lot of the racial vitriol in America currently has contributed to the lack of concern from regulators. I’m imagining Obama’s regulators thinking white people need to check their privilege and entitlement, how greedy, gullible and entitled can you be to think some attractive stranger online is worth risking thousands of dollars and thousands of hours to take money from other people via trading. You’re right about the regulators working with the introducing brokers, NFA, and clearing firms to fleece us and from what I’ve read it even goes deeper than that with the CME providing unlimited intraday margin for algorithms to basically choke out any non-HFT. I’d like to see some updated, in-depth and critical reviews on the non-Ninjatrader futures brokerages from Emmett including a more critical take on that shady guy from Optimus Futures / Futures.io mattz.
Just more illogical nonsense. I told you to stop using my name in your mouth.
HFT has been around since 2009. There is nothing new about HFT getting away with fleecing retail and making the volume illiquid especially for scalping and opening plays. It has been debated all this time on media channels and forums ever since and they are finally making inroads on new exchanges and enacting “speed bumps” to slow HFT transactions. I’d rather believe Emmett where he says the CFTC are short on resources rather than overgeneralizing the regulators are complicit with the exchanges in enabling HFT and the retail scam industry. Of course HFT firms have lower margins as they are non-retail. You already had PFGBest and MFGlobal bankrupt and clawbacked thanks to action by the regulators however late and that shook up the trust in the futures brokers. So they are doing their part and will find the corrupt brokers as they get to them , no big worries. This whole site and history of reviews has been mostly just the witchhunting of these retail sham vendors and hardly about blaming the victim or clients coming forward reporting how they were duped. Thanks to tradingschools, more inroads have been met where Emmett can report more CFTC and FBI involvement in indicting the more grievous of these snakeoilers and justifiably defend against the obvious shills and disgusting trolls who use alters trying to inanely say all the exchanges should be shut down also shutting down retail and basically all trading and industries that depend on them.